Liberty Media (FWONA) Company Report

Liberty Media reported strong financial performance for the year ended December 31, 2025, with total revenue of $4,482 million, operating income of $577 million, and net earnings attributable to stockholders of $555 million.
For the year ended December 31, 2025, Formula 1 (F1) revenue increased 14% to $3.9 billion, operating income grew 28% to $632 million, and Adjusted OIBDA increased 20% to $946 million.
MotoGP, on a pro-forma basis for the year ended December 31, 2025, reported revenue increased 14% to $573 million, operating income grew 86% to $54 million, and Adjusted OIBDA increased 15% to $201 million. The MotoGP acquisition was completed on July 3, 2025.
The company completed the split-off of Liberty Live Holdings in December 2025 and had a remaining share repurchase authorization of $1.1 billion as of February 1, 2026.

2 days ago

Liberty Media Reports Strong Full Year 2025 Financial Results and Strategic Growth

FWONA

Earnings

New Projects/Investments

Revenue Acceleration/Inflection

For the full year 2025, F1's revenue grew 14% and Adjusted EBITDA grew 20%, driven by growth across all revenue streams. Liberty Media's overall net leverage was 3.6 times at year-end 2025, with F1 OpCo net leverage at 2.8 times and MotoGP's net leverage at 4.7 times.
A new Concorde Agreement was finalized for 2026-2030, ensuring stable financial economics. Apple became F1's US media rights partner, and Standard Chartered was signed as the official banking and wealth management partner.
F1 attendances reached 6.75 million in 2025, up 4% year-over-year, with global live TV viewership increasing 21%. MotoGP recorded 3.6 million attendances, up 21% year-over-year, and its global fan base grew 12% to 632 million fans.
The third year of the Las Vegas Grand Prix was a success, demonstrating improved financial performance and generating significant incremental EBITDA through increased sponsorship and hospitality revenues and cost savings, with continued growth potential.

2 days ago

Liberty Media Reports Strong Full-Year 2025 Results and Strategic Growth Across F1 and MotoGP

FWONA

Earnings

New Projects/Investments

M&A

For the full year 2025, F1 revenue grew 14% and Adjusted OIBDA grew 20%, driven by growth across all revenue streams. MotoGP's revenue and Adjusted OIBDA also grew for the full year, primarily due to two additional races and contractual fee increases.
Liberty Media completed the Liberty Live split-off in December 2025, transforming into a premier global sports investment vehicle anchored by F1 and MotoGP. F1 also finalized a new Concorde Agreement covering 2026-2030, providing durable financial economics and a stable base for investment.
Both F1 and MotoGP demonstrated significant fan engagement and expansion, with F1 reporting 6.75 million attendances (up 4% year-over-year) and 150 million social media followers (up nearly 20%). MotoGP welcomed a record 3.6 million attendances (up 21% year-over-year) and grew its global fan base to 632 million.
Key strategic developments include F1 securing Apple as its US media rights partner and renewing contracts with nine race promoters. MotoGP extended its Sky Italia broadcast rights deal and renewed its Moto partnership through 2030. Both entities are focused on operational excellence, enhancing fan experiences, and expanding commercial functions.

2 days ago

Liberty Media Reports Strong 2025 Performance for F1 and MotoGP, Details Strategic Transformation

FWONA

Earnings

M&A

New Projects/Investments

Liberty Media completed a successful 2025, transforming into a premier global sports investment vehicle through the acquisition of MotoGP and the Liberty Live split-off.
Formula One delivered exceptional full-year 2025 results, with revenue growing 14% and Adjusted OIBDA increasing 20%, driven by growth across all revenue streams. Team payments as a percent of pre-team share Adjusted OIBDA were 59.7% for 2025, with an expected 200 basis points improvement in 2026.
MotoGP, acquired in July 2025, showed full-year pro forma revenue and Adjusted OIBDA growth, and is expected to continue deleveraging in 2026. The Las Vegas Grand Prix also demonstrated improved financial performance in 2025, with significant incremental profitability.
At year-end 2025, Liberty Media held $1.1 billion in cash and liquid investments and $5 billion in total principal debt, with F1 OpCo net leverage at 2.8 times and MotoGP net leverage at 4.7 times.

2 days ago

Liberty Media Reports Q3 2025 Results, Completes MotoGP Acquisition, and Sets Liberty Live Split-off Date

FWONA

Earnings

M&A

Debt Issuance

Liberty Media Corporation reported Q3 2025 financial results for the Formula One Group, with revenue of $1,085 million, operating income of $158 million, and Adjusted OIBDA of $297 million.
The acquisition of MotoGP was completed on July 3, 2025, contributing $169 million in pro forma revenue and $66 million in pro forma Adjusted OIBDA for Q3 2025.
The company expects to complete the split-off of Liberty Live Group on December 15, 2025, following a virtual special meeting on December 5, 2025.
Formula 1 secured significant renewals, including the Austin Grand Prix through 2034, Azerbaijan Grand Prix through 2030, and Monaco Grand Prix through 2035, and announced Apple as a new US broadcast partner.
Total debt attributed to the Formula One Group increased to $5,056 million as of September 30, 2025, primarily due to the MotoGP acquisition and related financing.

Nov 5, 2025, 8:22 PM

Liberty Media Announces Virtual Special Meeting for Liberty Live Group Split-Off

FWONA

M&A

New Projects/Investments

Proxy Vote Outcomes

Liberty Media Corporation will hold a virtual special meeting for holders of its Series A and Series B Liberty Live common stock on Friday, December 5, 2025, at 8:30 a.m. M.T.
At this meeting, stockholders will vote on a proposal to separate the Liberty Live Group by means of a redemptive split-off into a separate public company, Liberty Live Holdings, Inc. ("SplitCo").
The record date for stockholders eligible to vote at the special meeting was Thursday, October 9, 2025, at 5:00 p.m. New York City time.
Prior to the completion of the Split-Off, certain assets and liabilities will be reattributed between the Formula One Group and the Liberty Live Group.
The Split-Off is expected to be completed on December 15, 2025, as soon as practicable following the stockholder vote and assuming satisfaction of all conditions.